News

KBR, Inc. (NYSE: KBR) announced that, consistent with a decision by the Government Accountability Office (GAO), the award of a $515 million fixed price with award fee contract to KBR Diego Garcia, LLC will stand. The work on the contract, awarded in May by Naval Facilities Engineering Command (NAVFAC) Pacific, will begin in November 2017.

Work will be performed by KBR Diego Garcia, LLC operating under KBRwyle, KBR's global Government Services business. The company will provide base operating support (BOS) services at Navy Support Facility Diego Garcia in the British Indian Ocean Territory.

KBR Diego Garcia, LLC will provide a range of services from managing facilities and maintaining base vehicles to general management and administration, safety, port and air operations. KBR Diego Garcia, LLC is expected to perform this work over the next eight years if all option years are exercised.

"We are proud to support the U.S. Navy's men and women in Diego Garcia and we are ready to get to work," said Stuart Bradie, KBR President and CEO.

"We are proud of this award which we won as a direct result of the government services acquisitions we made in 2016," Bradie continued. "We won this competition with a collaborative company effort including critical contributions from KBRwyle, the global government services business created by our recent acquisitions."

KBR is currently performing operations and maintenance services for multiple U.S. Navy and Army military bases around the world, including the largest U.S. base in Africa.

KBR's continuing expertise in service delivery at remote locations for the U.S. Armed Forces underpins this award. Across KBR's combined portfolio of capability, there are common attributes such as providing deep domain expertise, supporting long-lived programs and geographies, a focus on mission-critical execution, and bringing innovation to the full life cycle of any asset, service or system.

For more than 50 years, KBR has provided operations, maintenance, and logistics services across the globe supporting the U.S. government. As a key strategic industry partner to the U.S. Armed Forces, KBR brings the singular, integrated service solution driving innovation for our U.S. government customers as well as the experience and knowledge necessary to expertly support operations at Diego Garcia as a critical asset.

Revenue associated with this project will be booked into backlog of unfilled orders for KBR's Government Services business.